WCI #8: Passive Income

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 24 February 2017

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Passive Income. "The wealthiest physicians have loads of passive income. They don’t just have like trickling, bubbling streams…they have frothy rivers brimming with passive income." -Dave Denniston

In this podcast Dr. Dahle gives ideas for creating passive income, explains some tax implications, and shares recommendations for entrepreneurship. He also answers listeners questions concerning whether or not to avoid the fees on your HSA by keeping money in the account or to invest it all, Roth IRAs for a non-working spouse, and debt negotiation versus bankruptcy with some solid advice for getting out of debt.

As a white coat, you have valuable knowledge. Various companies want that knowledge. And they’re willing to pay you for it! That’s why we’ve put together a list of recommendations for companies that pay you to take surveys. If you’re looking for a profitable side gig for not too much effort, getting paid for surveys could be the perfect solution for you. You can make extra money, start a solo 401(k), and use your medical knowledge to impact new products. One of the WCI columnists makes an extra $30,000 a year just doing these surveys. Sign up today and use a fraction of your downtime to make extra cash! Go to https://www.whitecoatinvestor.com/MDSurveys. You can do this and The White Coat Investor can help.

The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!

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Transcript

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0:00.0	This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street.
0:06.0	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:12.0	Here's your host, Dr. Jim Dolly.
0:14.0	As a white coat, you have valuable knowledge.
0:19.0	Various companies want that knowledge and they're willing to pay you for it.
0:24.8	That's why we put together a list of recommendations for companies that pay you to take surveys.
0:29.5	If you're looking for a profitable side gig for not too much effort, getting paid for surveys could be the perfect solution for you.
0:36.0	You can make extra money, start a solo 401k, and use your medical knowledge to impact new products.
0:41.3	One of the WCI columnists makes an extra $30,000 a year just doing these surveys. Sign
0:46.6	up today and use a fraction of your downtime to make extra cash. Go to Whitecoat investor
0:51.2	dot com slash MD surveys.
0:54.2	You can do this, and the White Code Investor can help.
0:57.0	Thank you for everything you do, and for all the great feedback
0:59.3	we're getting here at the WCI Podcast.
1:02.2	Be sure to send any topics you want covered
1:04.0	or questions you may have to editor at whitecoat investor.com
1:07.0	or via Twitter
1:09.0	at W.C investor.
1:11.0	Today we're going to talk about passive income. Back when I started the white
1:15.2	code investor, I really had a three-fold mission. It was actually two-fold, and then we added a third
1:20.4	one later. But the first was what's under the banner on the website
1:24.7	to help those who wear the white coat get a fair shake on Wall Street. And that is
	...

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